I went to the home improvement commission and they said it would take two years to even try to resolve anything.

Only the net gain after all costs, both buying and selling, and any improvements is taxable.

If you plan on holding the property for 5 years, and renting it, then yo should be fine, but it sounds like you are after a quick-flip, and that would be extremely difficult.If you buy, and then re-sell within 90 days, then almost no appraiser in CA is going to appraise the property for anything above the previous sale price, unless you can provide proof of funds that went toward repairs or improvements.

Hi, I did get a chance to read the book It had all the information.

Your only chance would be if the LLC were already set-up at the time of purchase and you were a principal.

Minn, Not sure how they can force the issue, but you are taking a chance of them placing a value on your house based on the appearance of the outside and square ft only.

you literally have a split second to get their attention or your postcard is going straight into the trash.By being provocative or controversial you can dramatically improve the chances that your postcard will get looked at.

It basically states I operate the entire community, all expenses and improvements are on my dime.

It said that "the collective efforts of servicers and government officials to date have not translated into meaningful improvement in foreclosure prevention outcomes."

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